Title

COMBINED AUTHORITY

Chancellor to announce investment zones backed by £80m

A dozen investment zones will be announced tomorrow as part of an effort to boost local growth and level up left behind areas.

A dozen investment zones will be announced tomorrow as part of an effort to boost local growth and level up left behind areas.

In tomorrow's Budget, chancellor Jeremy Hunt is expected to confirm plans to start talks with places to host the new zones.

Eight places in England have already been shortlisted and the Government expects to agree plans by the end of the year.

Each zone will be clustered around a research institution such as a university.

Mr Hunt said: ‘True levelling up must be about local wealth creation and local decision-making to unblock obstacles to regeneration.'

Each zone will be backed by £80m, which will go towards tax relief, improving skills, providing specialist business support, improving the planning system or local infrastructure.

Chief executive of the Northern Powerhouse Partnership, Henri Murison, said: ‘This is a marked improvement on the investment zone policy, one which recognises the latent potential in these regions and gives devolved powers more ownership over their future destiny.

‘By avoiding a bidding-style competition and going straight to combined authorities, the Government has avoided repeating previous mistakes.'

The chancellor is also expected to provide investment for the rollout of levelling up partnerships across England, under which councils, MPs, and business and civic leaders will work together to identify cross-Government interventions to unblock obstacles to regeneration.

Levelling up secretary Michael Gove said: ‘Levelling up means backing local growth across the UK, driving innovation to attract investment and putting power into the hands of local communities so they can reach their full potential.

'Our new investment zones and levelling up partnerships will deliver more jobs, better services and more opportunities.'

COMBINED AUTHORITY

Wandsworth's focus on outcomes per pound pays off

By Andrew Travers | 05 February 2026

Andrew Travers says Wandsworth’s place in the IMPOWER Top 10 is not an end in itself, but reinforces confidence in its outcomes per pound and ‘brilliant basi...

COMBINED AUTHORITY

Exclusive: London borough is top for productivity

By Ann McGauran | 05 February 2026

Kensington and Chelsea LBC is the most productive council in England, the latest IMPOWER Index Top 10 has revealed.

COMBINED AUTHORITY

The Top 10 councils powering ahead on productivity

By Ann McGauran | 05 February 2026

Local government’s leadership may be dealing with a maelstrom of challenges, but the councils whose productivity performance has earned them a place in the I...

COMBINED AUTHORITY

Lessons in tourism levies

By Martin Ford | 05 February 2026

Powers to implement visitor levies will soon be available in all corners of the country. Martin Ford looks at the story so far and what England can learn fro...

Popular articles by William Eichler